| | | | | | | |  | Resolutions - R7 B
COMMISSION MEMORANDUM |
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| | | | | | | | | TO: | Honorable Mayor and Members of the City Commission | | | FROM: | Alina T. Hudak, City Manager | | | DATE: | July 20, 2022 | | | | 1:31 p.m. Second Reading Public Hearing
| | SUBJECT: | A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING, FOLLOWING SECOND READING/PUBLIC HEARING, AS AUTHORIZED UNDER SECTION 82-37 OF THE CITY CODE AND SECTION 1.03(B)(2) OF THE CITY CHARTER, A LEASE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH (“CITY”) AND LINCOLN ROAD PROPERTY OWNER, L.P. (“LESSEE”) OF THE CITY-OWNED SURFACE PARKING LOT P25 (CONSISTING OF FIVE (5) TAX FOLIOS: 02-3234-004-0870, 02-3234-004-0880, 02-3234-004-0890, 02-3234-004-0900 AND 02-3234-004-0910) LOCATED IN MIAMI BEACH, FLORIDA AND A LEASE AGREEMENT BETWEEN THE CITY AND LESSEE OF THE CITY-OWNED SURFACE PARKING LOT P26 (CONSISTING OF SIX (6) TAX FOLIOS: 02-3234-004-0710, 02-3234-004-0720, 02-3234-004-0730, 02-3234-004-0820, 02-3234-004-0830 AND 02-3234-004-0840) LOCATED IN MIAMI BEACH, FLORIDA (TOGETHER, THE “LEASES”), FOR THE CONSTRUCTION OF MIXED-USE DEVELOPMENTS CONSISTING OF (1) CLASS A OFFICE SPACE, (2) GROUND FLOOR RETAIL, (3) PUBLIC PARKING TO REPLACE THE EXISTING PUBLIC PARKING SPACES ON BOTH PARKING LOTS P25 AND P26, AND (4) ADDITIONAL PARKING TO SATISFY OFF-STREET PARKING REQUIREMENTS FOR THE OFFICE USE (THE “PROJECT”); SUCH LEASES BEING SUBJECT TO AND CONTINGENT UPON APPROVAL BY THE CITY COMMISSION PURSUANT TO SECTION 82-37(A) AND APPROVAL BY A MAJORITY VOTE OF THE VOTERS IN A CITY-WIDE REFERENDUM PURSUANT TO SECTION 1.03(B)(2) OF THE CITY CHARTER; PROVIDING FOR THE PROJECT TO BE DEVELOPED, DESIGNED, FINANCED, CONSTRUCTED, AND OPERATED IN ACCORDANCE WITH THE TERMS OF THE LEASES AND THE DEVELOPMENT AGREEMENT FOR THE PROJECT BETWEEN THE CITY AND LESSEE, APPROVED PURSUANT TO RESOLUTION NO. 2022-__________; AND PROVIDING FOR A MAXIMUM TERM OF NINETY-NINE (99) YEARS, WITH AN INITIAL TERM OF FIFTY-ONE (51) YEARS, AND TWO (2) RENEWAL TERMS, FOR A PERIOD OF TWENTY-FOUR (24) YEARS EACH, AT THE LESSEE’S OPTION; AND FURTHER, AUTHORIZING THE CITY MANAGER TO FINALIZE THE LEASES AND MAKE ANY NECESSARY NON-SUBSTANTIVE CORRECTIONS TO SCRIVENER’S ERRORS, SUBJECT TO FORM APPROVAL BY THE CITY ATTORNEY, AND FURTHER, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE LEASES. |
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| | | | | | | | RECOMMENDATION
| Please see the Consolidated Commission Memorandum appearing under item R7 A. |
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| | | | | | | | Applicable Area
| | South Beach |
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| | | | | | | | | Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? | | Does this item utilize G.O. Bond Funds? | | | Yes | | No | |
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| | | | | | | | Strategic Connection
| | Prosperity - Revitalize targeted areas and increase investment. |
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| | | | | | | | Legislative Tracking
Economic Development |
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